Thread: Money Bitcoin Take?
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Old 03-30-2024, 01:47 PM   #3898
Pinchshot Pinchshot is offline
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Join Date: Aug 2023
Location: Jax FL
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Quote:
Originally Posted by Hog's Gone Fishin View Post
This is where the moneys at

Careful with Grayscale. They are colluding with Blackrock to dump all their Bitcoin so Blackrock can buy them. You need to have real Bitcoin and not these paper Bitcoins.

Only 900 Bitcoin are produced daily (450 after the halving). Blackrock and the other ETFs are buying 12K per day. There simply isn't enough supply. Thus the parabolic price increase.
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